The PAX token is the main internal payment method for data and analysis plug-ins and executes smart contracts on the MADANA platform.
The total supply of PAX is 100,000,000 (one hundred million) Token.
Based on recent the evaluation from the German federal financial supervisory authority (BaFin), we received the confirmation that the PAX token is considered to be a "Cryptocurrency".
Yes our cryptocurrency will be issued as an ERC-20 standard token on the Ethereum blockchain. Several possibilities exist to connect both the Ethereum and the Lisk ecosystem (e.g. a Lisk-Ethereum Bridge) and we will choose the best path that will suit the state of the MADANA platform development in the future.
There will be no more than 100,000,000 (one hundred million) PAX in existence and no more PAX will be created after the initial distribution.